"The Afeela is dead. The car, a PlayStation-linked EV developed through Honda's joint venture with Sony, had been positioned as a tech-forward flagship, featuring multiple screens, autonomous driving capabilities, and even a spot to hold a PS5 controller."
"Earlier this month, the automaker said it would take a $15.7 billion write-down while canceling several coming EVs, including the Honda 0 Saloon, Honda 0 SUV, and Acura RSX."
"Seth Goldstein, a senior equity strategist and EV industry specialist at Morningstar, stated, 'This aligns with Honda rethinking its EV plans, especially in the US market.'"
Honda and Sony have canceled the Afeela electric sedan, which was set for release in 2026. This decision affects their joint venture, Sony Honda Mobility, which is now in a state of uncertainty. Analysts were not surprised by the cancellation but noted the timing was unexpected. The Afeela was intended to be a tech-forward vehicle with features like multiple screens and autonomous driving. Honda is also reevaluating its EV strategy in the US, having previously canceled several upcoming models and exited a partnership with General Motors.
Read at www.businessinsider.com
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